USA NEW YORK Stearns Bicycle Company token 1898 imitation of Syracuse dekadrachm}

$65.00

USA, NEW YORK, Syracuse, token, 1898, Obverse: imitation of Syracuse dekadrachm, Reverse: quadriga, in exergue: STEARNS MDCCCXCVIII, copper plated cast pot metal, 35mm, 25.99g, by the Stearns bicycle Company, used as awards in bicycle races, R-NY-Syr26, VF

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Description

A token is used like a coin but is not a coin. Rather, it stands for a coin without the value of the coin. Maybe its copper, but says its value is the same as a silver coin. Usually tokens were made privately, but sometimes governments got involved.